Home Central Banking Financial Regulation

Financial Regulation

Wells Fargo Coronavirus Relief

Wells Fargo Fires Over 100 Employees for Coronavirus Relief Fraud

Wells Fargo (WFC) fired over 100 employees for allegedly defrauding a coronavirus relief program from the U.S. Small Business Administration (SBA).
Eric Rosengren Interest Rates

Fed’s Rosengren: Low Interest Rates Damaging Economy

During an Oct. 8 speech, Boston Federal Reserve President Eric Rosengren said that years of low interest rates led to excessive risk-taking...
The Bank of England

Bank of England Inquires About Banks’ Readiness for Negative Rates

The Bank of England asked banks on Oct. 12 how ready they were for zero or negative interest rates. It considered last...

Citibank Fined $400 Million Over Banking Errors

The Office of Comptroller of Currency has fined Citibank with $400 million for repeated errors committed by the bank. The civil money...

Quarterly Report: Tariffs and International Trade Agreements, 3rd Quarter 2020

The 3rd quarter tariffs of 2020 affected imports of including aluminum, alcohol, chemicals and tech services. As economies look to reopen with...
Jerome Powell Federal Reserve Economy

Powell Warns of Further Economic Tragedy Amid COVID-19

Federal Reserve Chairman Jerome Powell warned of the rise in COVID-19 infections as a potential cause for the economy to stall at...

Federal Reserve: Share Buy-Back, Dividend Cap Extended Through Q4

The Federal Reserve is extending its ban on Wall Street banks of stock buy-back and capping dividends payments through the end of...
Mortgage Rates Consumers

Mortgage Rates Remain Near Record Lows

According to an Oct. 1 Freddie Mac (FMCC) report, 30-year fixed mortgage rates averaged 2.88% for that week, down two basis points...
Quarterly Report 2020: Financial Regulation, 3rd Quarter 2020

Quarterly Report: Financial Regulation, Third Quarter 2020

The third quarter financial regulations of 2020 included whistleblower program rules, tax relief for victims of natural disasters and rule changes for...

FinCen Files: Big Banks Turned a Blind Eye towards Money Laundering

Several global banks have been turning a blind towards money laundering according, to the International Consortium of Investigative Journalist report. Banks like...

Recent Articles

New High Yield Bond Ratings October 12 – October 16, 2020

At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16,...

New Chapter 11 Filings, Disclosures: October 12 – October 16, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of October...
Wells Fargo Coronavirus Relief

Wells Fargo Fires Over 100 Employees for Coronavirus Relief Fraud

Wells Fargo (WFC) fired over 100 employees for allegedly defrauding a coronavirus relief program from the U.S. Small Business Administration (SBA).
electric car

BlackRock Invests in UK Electric Vehicle Startup, Arrival

US funds manager BlackRock Inc. has invested $118 million in electric vehicle startup Arrival Ltd. The investment is the most Arrival has...

COVID-19 and Wildfires Test Mettle of California Wineries

COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...

Most Popular

RTW Retailwinds, New York & Co.’s Parent Company, Files for Chapter 11

RTW Retailwinds Inc. filed for Chapter 11 bankruptcy relief on July 13, 2020, casting uncertainty over the future of its subsidiary...

Thoma Bravo and MDP to Back New Software Company Syntellis Performance Solutions

Today, Thoma Bravo and Madison Dearborn Partners (MDP) announced their commitment to invest in Syntellis Performance Solutions, LLC. The investment announcement comes...

Fitness Industry’s Reopening, Long Road to Recovery

Following the nationwide lockdown due to the COVID-19 outbreaks, the U.S. fitness industry is slowly returning to business. Since late May, gyms...

Owner of Men’s Wearhouse, Jos A. Bank Files for Bankruptcy

Tailored Brands, Inc., the parent company of clothing chains Men's Wearhouse and Jos A. Bank announced this week that it filed for...

Purdue Pharma, Still in Bankruptcy, Ordered to Reduce Political Donations

Opioid drugmaker Purdue Pharma continues to make headlines during its bankruptcy process. Purdue Pharma filed for bankruptcy in September...